Introduction
Traze (traze.com) markets itself as a “transparent, modern forex broker,” with FSA Seychelles regulation, MT4 support, and ECN/STP execution. It even claims to be connected to Zeal Capital Market, a brand with global recognition.
But when we at ForexTradingScam.com investigated, we uncovered serious inconsistencies: domain mismatches in regulatory records, withdrawal complaints, and the same offshore tricks used by many scam brokers.
1. What Traze Claims
- Licensed by FSA Seychelles (Zeal Capital Market, SD027)
- FSCA South Africa registered as FSP No. 48248
- Offers high leverage, tight spreads, swap-free accounts
- Fast deposits and withdrawals advertised
Sounds safe? Let’s dig deeper.
2. Regulatory Red Flags
Independent platforms reveal a different story:
- Domain mismatch: BrokersView reports that the domain traze.com is not listed in official regulator filings.
- Weak oversight: WikiFX highlights that deposit/withdrawal fee details are “unknown” and that Seychelles’ FSA offers minimal trader protection.
- Brand confusion: Traze associates itself with Zeal Capital Market, but actual corporate linkages remain unclear.
👉 This is a classic offshore tactic: borrow credibility from licenses, but not tie them directly to the brand’s domain.
🔗 Related: How Offshore Forex Regulation Endangers Traders
3. Withdrawal Complaints
User experiences are even more alarming:
- On Forex Peace Army, Traze traders say deposits are instant, but withdrawals are blocked or endlessly “processing.” (FPA Reviews)
- Trustpilot reviews are mixed: some praise service, but 1-star reviews warn of funds frozen and no payouts. (Trustpilot Traze)
- PipPenguin bluntly asks: “Scam or legit?” and warns about its lack of proven track record. (PipPenguin Review)
👉 This pattern — easy deposits, blocked withdrawals — is the #1 scam indicator.
🔗 Related: Why Withdrawal Failures Are the #1 Sign of a Scam
4. Reputation Across Platforms
- WikiFX: Scores Traze as “regulated” but flags unknown fees and risks. (WikiFX Profile)
- TradersUnion: Average rating of 3.4/5 — with warnings about weak regulation. (TradersUnion Review)
- BrokersView: Highlights licensing inconsistencies and domain mismatch. (BrokersView Review)
The inconsistency across platforms is itself a warning: truly safe brokers have consistently strong reputations.
5. Scam Pattern Checklist
| Red Flag | Evidence |
|---|---|
| Withdrawals delayed/denied | FPA Reviews |
| Offshore regulator (Seychelles FSA) | WikiFX |
| Domain not tied to license | BrokersView |
| Mixed reviews, scam claims | Trustpilot, PipPenguin |
| Fee/withdrawal transparency missing | WikiFX |
🔗 Related: Scam Broker Red Flags Every Trader Should Know
🔗 Related: MT4/MT5 Broker Manipulation – How It Works
6. What To Do If You’ve Been Scammed
- Stop depositing immediately.
- Collect all proof: chats, trade logs, screenshots.
- File a chargeback with your bank/card provider.
- Submit complaints to regulators: FSA Seychelles, FSCA South Africa.
- Warn others on FPA, Trustpilot, Reddit Forex.
- Avoid fake “fund recovery agents.”
🔗 Read: How to Recover Money from Scam Brokers
7. Final Verdict
Traze claims transparency and global regulation, but its withdrawal issues, offshore license reliance, and domain mismatches show it is a high-risk broker in 2025.
👉 Verdict: Traze shows multiple scam-like warning signs. Traders should avoid it and instead choose brokers under FCA, ASIC, or CySEC regulation.
🔗 Compare here: Best Legit Forex Brokers of 2025